Category Archives: Innovation

This one is a touchy subject for some. So before you get angry and send me hate mail open your mind to the possibilities….. In 2014 there were approximately 50,000 Australian office jobs sent to the Philippines alone. According to experts this number is set to double this year and continue growing each year. It…

When creating new products or services we recommend that you have 8 categories. We call it the Awesome 8! It’s what your clients are interested in – over and above compliance services. If you stay close to the numbers and follow the Awesome 8 then here are 20 new products / services you could…

Right now I am sitting in a jungle camp site in Thailand (I kid you not) with 3G on my phone and 6Meg wireless running through the camp. Already this morning I have looked at my emails through Gmail, I checked out Facebook for 5 minutes, I checked my bank accounts, I accepted 11 new LinkedIN connection requests, I…

Accountants haven’t really needed to invent new products in the past. They did what the government told them to do and occasionally they did some special projects for clients – business advisory type projects. Everything was on a ‘do and charge’ basis. That’s all changing. The profession is evolving into a technology driven, leveraged IP…

Most Accountants I meet believe that there are opportunities for additional business in their current client base. However, they don’t seem that active in discovering the opportunities nor promoting the services. I think it is a BIG dis-service to the client if you do not promote new ideas and new services. We recommend that you…

Disruptive area # 2 – Labour is being sourced from less expensive countries Manufacturing companies have been using low cost labour in developing countries for decades to produce their products. Just look at the clothes on your back. I bet very few of them are made in your current country! The reality is that (because…

Disruptive area # 1 – Compliance is being commoditized by technology The adoption of Internet (commonly called cloud) based technology is growing at a rapid rate of knots. You can’t stop it happening. There is social behaviour /change in action (people want to access their information on their handheld device) and there are massive technology…

The vast majority of Accounting firms operating systems are server based rather than ‘cloud’ based. This has not been an issue up until now because the vast majority of team members in a firm have been ‘office bound’ and any access to data was from the desktop in the office. Having everyone bound to a…